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Saw Pipes net vaults 150% - Views on News from Equitymaster
Saw Pipes posted 150% rise in net profit to Rs 50 m. This is even more significant given the fact that sales fell 42.5% to Rs 410 m. This can be attributed to 55% decline in expenditure and 19.9% fall in interest cost.
(Rs m)
2QFY2000
2QFY1999
Change
Net Sales
410
714
-42.5%
Other Income
11
20
-47.9%
Expenditure
270
601
-55.0%
Interest
70
88
-19.9%
Depreciation
30
25
17.6%
Profit before Tax
50
20
149.8%
Tax
-
-
Profit after Tax
50
20
149.6%
Net profit margin
12.3%
2.8%
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